Thunder Power Holdings, Inc. Financials
This page shows Thunder Power Holdings, Inc. (AIEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Thunder Power Holdings, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Thunder Power Holdings, Inc. generates $0.49 in operating cash flow (-$1.2M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Thunder Power Holdings, Inc. reported -$2.5M in net income in fiscal year 2024. This represents a decrease of 37.8% from the prior year.
Thunder Power Holdings, Inc. earned $-0.06 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 20.0% from the prior year.
Thunder Power Holdings, Inc. held $53K in cash against $0 in long-term debt as of fiscal year 2024.
Thunder Power Holdings, Inc. had 51M shares outstanding in fiscal year 2024. This represents an increase of 35.3% from the prior year.
AIEV Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $428K-53.1% | $912K | N/A | $646K | N/A | N/A |
| Operating Income | N/A | -$514K | N/A | -$444K | N/A | -$172K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $206K | N/A | $202K | N/A | N/A |
| Net Income | -$428K+53.1% | -$912K | N/A | -$646K | N/A | $279K |
| EPS (Diluted) | $-0.01+50.0% | $-0.02 | N/A | $-0.02 | N/A | $0.03 |
AIEV Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Total Assets | $13.5M-0.3% | $13.6M+977.9% | $1.3M-97.6% | $53.4M-47.2% | $101.2M+0.6% | $100.6M |
| Current Assets | $13.5M-0.5% | $13.6M+984.1% | $1.2M+564.4% | $188K-73.7% | $715K-19.3% | $886K |
| Cash & Equivalents | $16K-68.8% | $53K-73.3% | $197K+77.6% | $111K-79.7% | $547K-21.9% | $700K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.3M+17.5% | $7.0M+829.7% | $756K-98.6% | $52.7M-48.2% | $101.8M-1.4% | $103.2M |
| Current Liabilities | $8.3M+17.4% | $7.0M+829.7% | $756K-55.9% | $1.7M+214.6% | $545K+388.1% | $112K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.2M-19.6% | $6.5M+1201.3% | $501K-30.6% | $722K+238.9% | -$520K+79.9% | -$2.6M |
| Retained Earnings | -$38.6M-4.6% | -$36.9M-7.3% | -$34.4M-601.8% | -$4.9M-75.3% | -$2.8M-8.1% | -$2.6M |
AIEV Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$363K+41.8% | -$623K-198.8% | -$208K-7.6% | -$194K-26.0% | -$154K+53.3% | -$329K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0+100.0% | -$1K+98.8% | -$121K-1034.8% | -$11K | $0 | $0 |
| Financing Cash Flow | $282K-52.4% | $591K+1378.7% | $40K+109.6% | -$415K | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $0 | $0 | N/A | N/A |
AIEV Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.2%+3.6pp | -6.8% | N/A | -1.2% | N/A | 0.3% |
| Current Ratio | 1.63-0.3 | 1.93+0.3 | 1.65+1.5 | 0.11-1.2 | 1.31-6.6 | 7.94 |
| Debt-to-Equity | 1.57+0.5 | 1.08-0.4 | 1.51-71.5 | 72.99+268.7 | -195.76-155.9 | -39.87 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Thunder Power Holdings, Inc. profitable?
No, Thunder Power Holdings, Inc. (AIEV) reported a net income of -$2.5M in fiscal year 2024.
What is Thunder Power Holdings, Inc.'s earnings per share (EPS)?
Thunder Power Holdings, Inc. (AIEV) reported diluted earnings per share of $-0.06 for fiscal year 2024. This represents a -20.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Thunder Power Holdings, Inc.'s operating cash flow?
Thunder Power Holdings, Inc. (AIEV) generated -$1.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Thunder Power Holdings, Inc.'s total assets?
Thunder Power Holdings, Inc. (AIEV) had $13.6M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Thunder Power Holdings, Inc. have outstanding?
Thunder Power Holdings, Inc. (AIEV) had 51M shares outstanding as of fiscal year 2024.
What is Thunder Power Holdings, Inc.'s current ratio?
Thunder Power Holdings, Inc. (AIEV) had a current ratio of 1.93 as of fiscal year 2024, which is generally considered healthy.
What is Thunder Power Holdings, Inc.'s debt-to-equity ratio?
Thunder Power Holdings, Inc. (AIEV) had a debt-to-equity ratio of 1.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Thunder Power Holdings, Inc.'s return on assets (ROA)?
Thunder Power Holdings, Inc. (AIEV) had a return on assets of -18.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Thunder Power Holdings, Inc.'s cash runway?
Based on fiscal year 2024 data, Thunder Power Holdings, Inc. (AIEV) had $53K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Thunder Power Holdings, Inc.'s Piotroski F-Score?
Thunder Power Holdings, Inc. (AIEV) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Thunder Power Holdings, Inc.'s earnings high quality?
Thunder Power Holdings, Inc. (AIEV) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.